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HSBC InvestDirect Administrative Fees

Non-registered accounts

HSBC InvestDirect Administrative Fees for non-registered accounts.

Fee type Notes Amount

Inactivity Fee1

Your account will be exempt from this fee if any of the following apply:

  • You have an account value greater than $10,000 CAD
  • You have completed one or more commissionable trades2 in the preceding 3 months
  • You also hold an HSBC InvestDirect registered account with same beneficial ownership (Registered Retirement Savings Plan (RRSP),Locked-In Retirement Account (LIRA), Retirement Income Fund (RIF), Life Income Fund (LIF) or  Locked-in Retirement Income Fund (LRIF))
  • Your account has been open for less than 90 days

$25

Non-registered accounts

HSBC InvestDirect Administrative Fees for non-registered accounts.

Fee type

Inactivity Fee1

Notes

Your account will be exempt from this fee if any of the following apply:

  • You have an account value greater than $10,000 CAD
  • You have completed one or more commissionable trades2 in the preceding 3 months
  • You also hold an HSBC InvestDirect registered account with same beneficial ownership (Registered Retirement Savings Plan (RRSP),Locked-In Retirement Account (LIRA), Retirement Income Fund (RIF), Life Income Fund (LIF) or  Locked-in Retirement Income Fund (LRIF))
  • Your account has been open for less than 90 days
Amount

$25

Registered accounts

HSBC InvestDirect Administrative Fees for registered accounts.

  Fee Type Amount

Registered Accounts

(RRSP, RRIF, Locked-In Plans)

Annual administration fee3

 

RSP de-registration (at point of request)

 

RIF – unscheduled withdrawal

$100

 

$135 Full   -   $75 Partial

 

1 free per year

$50 for each additional

Investment to Private Companies/Equities

(on approval basis only4,5)

Setup fee

Annual fee6

Reorganization fee

Redemption fee

Certificate registration

$300

$150

$250

$250

$100

Registered Educational Savings Plans

Annual administration fee

Transfer fee (full or partial)

$50

$135

Lifelong Learning Plan / Home Buyer’s Plan Full de-registration $50
Lifelong Learning Plan / Home Buyer’s Plan Partial de-registration $25

Mortgage Held in a Self-Directed Retirement Savings Plan (SDRSP)

Please note that we no longer accept SDRSP mortgages.

Annual administration fee

$450

Registered accounts

HSBC InvestDirect Administrative Fees for registered accounts.

 

Registered Accounts

(RRSP, RRIF, Locked-In Plans)

Fee Type

Annual administration fee3

 

RSP de-registration (at point of request)

 

RIF – unscheduled withdrawal

Amount

$100

 

$135 Full   -   $75 Partial

 

1 free per year

$50 for each additional

 

Investment to Private Companies/Equities

(on approval basis only4,5)

Fee Type

Setup fee

Annual fee6

Reorganization fee

Redemption fee

Certificate registration

Amount

$300

$150

$250

$250

$100

 

Registered Educational Savings Plans

Fee Type

Annual administration fee

Transfer fee (full or partial)

Amount

$50

$135

  Lifelong Learning Plan / Home Buyer’s Plan
Fee Type Full de-registration
Amount $50
  Lifelong Learning Plan / Home Buyer’s Plan
Fee Type Partial de-registration
Amount $25
 

Mortgage Held in a Self-Directed Retirement Savings Plan (SDRSP)

Please note that we no longer accept SDRSP mortgages.

Fee Type

Annual administration fee

Amount

$450

Registered and Non-Registered Accounts

HSBC InvestDirect Administrative Fees for both registered and non-registered accounts

  Fee Type Amount

Wire Transfers*

(at point of request)

To other Financial Institutions in Canada

To HSBC branches (Local and Global)

Stop Wire Payment

$50

$35

$25

Handling

Transaction amendment for same beneficial owners

NSF cheque

Stop payment

Standard Estate processing5

Cheque request*

Credit Sellout Handling Fee7

Internal Transfer Fee8

Special courier (Canada)

Special courier (US)

Special courier (International)

$50


$50

$25

$200

$25

$15

$25 per request

$35 per courier

$70 per courier

$100 per courier

Hypothecated Account

Setup Fee

Annual Fee

$250

$200

Document Administration

Search for records

Confirmation slip replacement (per document)

Confirmation slip over 3 months old (per document)
Duplicate trading summary

Duplicate Tax slip 

Statement replacement5

Letter writing

$25 per half hour, min. $25

$5
$135


$20 per document

$20 per document
$20 per document

$25 per letter

Security Registration

Certificate deposit

Canadian security registration

Canadian security registration, rush

US security registration

US security registration, rush

Foreign security registration (other than US)

U.S. share ownership statement (per statement)

 

 

$100 per certificate

 

$200 per certificate

$400 per certificate

$200 USD per certificate

$400 USD per certificate

$300 per certificate

$50 USD per statement

Transfer Out

(at point of request)

Account transfer out – full

Account transfer out – partial

$135

$135

Special Services

American Depositary Receipt (ADR) fee – banks that custody ADRs charge fees on a per share basis, which may vary by individual ADRs and are passed through to ADR investors.

N/A

Registered and Non-Registered Accounts

HSBC InvestDirect Administrative Fees for both registered and non-registered accounts

 

Wire Transfers*

(at point of request)

Fee Type

To other Financial Institutions in Canada

To HSBC branches (Local and Global)

Stop Wire Payment

Amount

$50

$35

$25

 

Handling

Fee Type

Transaction amendment for same beneficial owners

NSF cheque

Stop payment

Standard Estate processing5

Cheque request*

Credit Sellout Handling Fee7

Internal Transfer Fee8

Special courier (Canada)

Special courier (US)

Special courier (International)

Amount

$50


$50

$25

$200

$25

$15

$25 per request

$35 per courier

$70 per courier

$100 per courier

 

Hypothecated Account

Fee Type

Setup Fee

Annual Fee

Amount

$250

$200

 

Document Administration

Fee Type

Search for records

Confirmation slip replacement (per document)

Confirmation slip over 3 months old (per document)
Duplicate trading summary

Duplicate Tax slip 

Statement replacement5

Letter writing

Amount

$25 per half hour, min. $25

$5
$135


$20 per document

$20 per document
$20 per document

$25 per letter

 

Security Registration

Fee Type

Certificate deposit

Canadian security registration

Canadian security registration, rush

US security registration

US security registration, rush

Foreign security registration (other than US)

U.S. share ownership statement (per statement)

Amount

 

 

$100 per certificate

 

$200 per certificate

$400 per certificate

$200 USD per certificate

$400 USD per certificate

$300 per certificate

$50 USD per statement

 

Transfer Out

(at point of request)

Fee Type

Account transfer out – full

Account transfer out – partial

Amount

$135

$135

 

Special Services

Fee Type

American Depositary Receipt (ADR) fee – banks that custody ADRs charge fees on a per share basis, which may vary by individual ADRs and are passed through to ADR investors.

Amount N/A

HSBC InvestDirect is a division of HSBC Securities (Canada) Inc., a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada. HSBC Securities (Canada) Inc. is a member of the Canadian Investor Protection Fund.

Fees charged in Canadian dollars (CAD) unless otherwise specified.  All fees listed are as of October 1, 2021.  Fees subject to change with prior notice.

Fees for services in foreign accounts (other than US) are charged in CAD or CAD equivalent.

* For CAD or USD wire transfers and cheque requests, fees are charged in currency of the account.

1 Charged quarterly (in the month following the quarter-end) on your non-registered investment accounts.  $10,000 CAD value includes all non-registered accounts with the same base account number (CAD & foreign currency) on the last day of the quarter.

2 Commissionable trades are: Buys and sells of Equities, Options, Fixed Income – Bonds, Treasury Bills, Bankers’ Acceptances, Bearer Deposit Notes, Commercial Paper and Crown Corporation Money market Instruments. Buys and sells of Guaranteed Investment Certificates (GICs), Term Deposits, Canada Savings Bonds, Money Market Mutual Funds and Provincial Savings Bonds are not considered commissionable trades.

3 Fee only applies when the combined balance of registered accounts is under $25,000 CDN as of May 31. This fee will be debited from registered accounts in June.

4 Transactions subject to acceptance by HSBC InvestDirect.

5 Other charges may apply, including but not limited to all applicable fees incurred from the transfer agent, lawyer, or issuing company for re-registration.

6 The fee is debited from the account on or around January 15th of the following year.

7 In addition to commission charges, the handling fee will be applied to HSBC InvestDirect credit sell-outs of Under-Margined/Debit Balance Accounts.

8 Applied when Clients initiate a security movement from one account to another. (ie. joint to single, single to joint, personal to non-personal, non-personal to personal, non-personal to non-personal etc.)

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